RBI updates KYC instructions on wire transfers

The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and......

Anti-money laundering provisions imposed on cryptos

The government has imposed anti-money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. Illustration: Uttam Ghosh/Rediff.com In a......

Report info on accounts of 10 terrorists to govt: RBI tells banks

The Reserve Bank on Thursday asked banks and other financial institutions to report to the government details about accounts resembling 10 individuals who have been designated as terrorists by the......

Major PSU banks to go live on account aggregator system by July-end

After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live......